NOT LISTED FOR SALE
2 Beds
2 Baths
3,000 Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: April 20, 2018

Last sale price $1,130,000 $377 Per Sq Ft

7 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Facilities

About This Home

As of April 2018

Investor opportunity in the heart of Orange County. 6 units each with their own garage. Each unit is separately metered for gas and electricity. Most units are month to month. Low vacancy rate. Small laundry room for additional income. PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY.

Last Agent to Sell the Property

Carlos Duarte

Answers Real Estate Group License #01847111 Listed on: 03/27/2018

Last Buyer's Agent

Carlos Duarte

Answers Real Estate Group License #01847111 Listed on: 03/27/2018

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 2723
  • Assessor Parcel Number 03522312

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $971
  • Fuel Expense $417
  • Gardener Expense $1,250
  • Insurance Expense $1,500
  • Professional Management Expense $5,722
  • Water Sewer Expense $1,794
  • New Taxes Expense $13,868
  • Operating Expense $25,522
  • Gross Income $72,349
  • Net Operating Income $61,004

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

6,970 Sq Ft Lot

Parking

6

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5722.00
  • Property Attached: No
  • Water Sewer Expenses: 1794.00
  • Property Type: Residential Income
  • Gardener Expense: 1250.00
  • Parcel Number: 03522312
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 376.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 6970.00

Multi Family

  • Electric Expense: 971.00
  • Fuel Expense: 417.00
  • Gross Income: 72349.00
  • Gross Scheduled Income: 72349.00
  • Insurance Expense: 1500.00
  • Laundry Income: 1192.00
  • Net Operating Income: 61004.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 10153.00
  • Rent Control: No
  • Total Expenses: 25522.00
  • Vacancy Allowance Rate: 4.60

Tax Info

  • New Taxes Expense: 13868.00
  • Tax Census Tract: 873.00
  • Tax Lot: 48
  • Tax Tract Number: 2723

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$220,978
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 27, 2018
Closed on
Apr 10, 2018
Sold by
Bought by
Seller's Agent
Carlos Duarte
Answers Real Estate Group
Buyer's Agent
Carlos Duarte
Answers Real Estate Group
List Price
$1,075,000
Sold Price
$1,130,000
Premium/Discount to List
$55,000
5.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$678,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Listed on
May 1, 2014
Closed on
Jun 11, 2014
Sold by
Bought by
Seller's Agent
David Buster
David Buster, Broker
Buyer's Agent
Cathie Dang
1000 Realty Corporation
List Price
$899,500
Sold Price
$855,000
Premium/Discount to List
-$44,500
-4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$513,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 2005
Sold by
Bought by

Purchase Details

Closed on
Mar 19, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 2002
Sold by
Bought by

Purchase Details

Closed on
Oct 8, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,072,500
Interest Rate
7.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,480,000 Chicago Title Company
$1,130,000 Wfg National Title Co Of Cal
$855,000 Fidelity National Title
$150,000 --
$800,000 Fidelity National Title Co
-- --
$2,695,000 Fidelity National Title
-- Guardian Title Company
$965,000 American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $250,000
Previous Owner $670,000
Previous Owner $678,000
Previous Owner $513,000
Previous Owner $400,000
Previous Owner $400,000
Previous Owner $1,072,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/20/2018 04/20/18 Sold $1,130,000 +5.1% $377 / Sq Ft
03/27/2018 03/27/18 For Sale $1,075,000 +25.7% $358 / Sq Ft
08/08/2014 08/08/14 Sold $855,000 -4.9% $285 / Sq Ft View Prior Sale
06/06/2014 06/06/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $899,500 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $19,860 $1,634,037 $1,324,896 $309,141
2025 $19,860 $1,601,998 $1,298,918 $303,080
2024 $18,864 $1,570,587 $1,273,449 $297,138
2023 $18,464 $1,539,792 $1,248,480 $291,312
2022 $18,227 $1,509,600 $1,224,000 $285,600
2021 $14,944 $1,187,831 $840,943 $346,888
2020 $14,879 $1,175,652 $832,320 $343,332
2019 $14,449 $1,152,600 $816,000 $336,600
2018 $11,604 $903,105 $607,351 $295,754
2017 $11,165 $885,398 $595,443 $289,955
2016 $11,128 $868,038 $583,768 $284,270
2015 $11,026 $855,000 $575,000 $280,000
2014 $9,423 $750,000 $650,000 $100,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18069540

California Regional Multiple Listing Service (CRMLS)
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